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SmarTrend Watching for Potential Pullback in Shares of Marsh & Mclennan After 2.27% Gain

By James Quinn

Marsh & Mclennan (NYSE:MMC) traded in a range yesterday that spanned from a low of $82.43 to a high of $83.94. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $82.63 on volume of 702,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Marsh & Mclennan and will alert subscribers who have MMC in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Marsh & Mclennan have traded between a low of $62.33 and a high of $86.54 and are now at $83.86, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.

Keywords: rebounders marsh & mclennan

Ticker(s): MMC